Description
Environmental Business Journal, Volume 37 Numbers 7/8: Q3 2024 Infrastructure, the BIL & the Environmental Industry
Environmental Business Journal®’s analysis of the impact of federal funding and infrastructure investments on the environmental industry in 2024 focuses on funding history by category and by agency with detail on programs most pertinent to the environmental industry.
Halfway in to the 2022-2026 funding cycle authorized by the November 2021 Infrastructure Investment and Jobs Act, also known as the Bipartisan Infrastructure Law, nowhere near half the more than trillion dollars lumped into the funding package has been dolled out, much less spent on shovel-ready or boots-on-the-ground projects.
Infrastructure funding kicked off in 2022 has created a least a decade of tailwinds behind the environmental industry in water, remediation, energy transition, transportation, community development and many new practice areas.
Less than half the trillion dollars of infrastructure funding has been spent — but BIL and IRA program funds are expected to last into the 2030s. Much the money has gone to formulaic programs like state-managed highway funds and water programs and there is some pretty heavy backlog to be worked through for the next few years.
Table of Contents
Infrastructure funding kicked off in 2022 has created a least a decade of tailwinds behind the environmental industry in water, remediation, energy transition, transportation, community development and many new practice areas 1-11
FMI sees shifts in competitive landscape; Brookings warns of labor & materials crunch; McKinsey sees a shortfall in contractors; BCG says more PE investment in infrastructure to come; Big biogas deals; Tales of infrastructure disruption 12-20
Stantec promotes leadership in Nature-based Solutions, expanding beyond ecosystems, wetlands & coastal resilience into ESG & SDGs 24
Clairvest Group takes a measured look at environmental markets & business models building perspective & portfolio 26
United For Infrastructure marks halfway point of IIJA with more to come 28
GZA leader challenges herself & her firm; Continues research on dam removals 30
Nitsch new leader on communications, defining goals and building consensus 34
HDR grows 30% since 2020; leading with sustainable infrastructure 36
Dewberry continues growth in infrastructure: BIL projects & climate engineering practice support mitigation and resilience 38
Olsson builds on growth with market-based leadership organization; uses multi-disciplinary approach to position for early BIL infrastructure funding 40
Kennedy Jenks grows staff by 25%; Water reuse & infrastructure funds help focus in public & private markets 42
Barr continues growth across three environmental business units with targeted acquisitions and a measured perspective on infrastructure funding 45
Clue Insights makes rapid ascent with IT system to optimize performance of construction equipment 48
From the EBJ & CCBJ Archive: Infrastructure 2020 & Natural Infrastructure 50-62
Exhibits
Progress & Remaining IIJA Funds: End of November 2023
$840 Billion inFederal Project Funding by Category to August 2024 in $mil
$64.3 Billion in BIL Funding for Water by Agency
$21.6 Billion in BIL Funding for Remediation by Category & Agency to July 2024
$21.6 Billion in BIL Funding for Resilience ($mil)
$840 Billion in Total BIL Funding to August 2024 ($mil)
Largest Federal Allocations of Federal Funding in BIL & IRA to July 2024: Resilience
Federal Allocations of Funding in BIL & IRA to July 2024
Largest Allocations of Federal Funding in BIL & IRA to July 2024: Climate Resilience Projects
Largest Federal Allocations of Federal Funding in BIL & IRA to July 2024: Water Projects
DOE Bipartisan Infrastructure Law Funded Programs
DOE Inflation Reduction Act Funded Programs
Increasing Prices for Infrastructure Industry Commodities: January 2021 to September 2023
Infrastructure Investor Top 100: 2023’s Top 40
Companies Appearing in this Edition of EBJ
3i Group 20
American Biogas Council 20
American Council of Engineering Companies 38, 42
American Public Transportation Association 38
American Society of Civil Engineers Environmental & Water Resources Institute 35
American Society of Landscape Architects 35
Arkansas Black Mayors Association 40
Barr Engineering Co. 45
Brookings Metro 14
Bureau of Reclamation 8, 29, 44
City Point Partners 37
Clairvest Group Inc. 26
Clue Insights 48
Corvias Infrastructure Solutions 56
Dairyland Power Cooperative 9
Department of Energy 8
Department of Transportation 14
Dewberry 38
Ecosphere Environmental Services 47
Edmonds Engineering 39
Engineer Research and Development Center 25
Enginuity Engineering Solutions 41
Eno Center for Transportation 37
Envirocon Inc. 56
Env’l Business Council of New England 33
Environmental Protection Agency 14
Environmental Systems Design 24
European Biogas Association 20
Exponential Engineering Company 47
Federal Aviation Administration 32
Federal Highway Administration 11
FMI Capital Advisors 12
FMI Consulting 12
FTN Associates Ltd 41
Future Biogas 20
Great Lakes Restoration Initiative: 8
GZA GeoEnvironmental Inc. 30, 33
Halifax County Service Authority 38
HDR 36
High Energy Inc. 47
Hurley Palmer Flatt Group 37
Hydro Solutions Consulting. 39
Kennedy Jenks 42, 44
King & MacGregor Environmental 47
Marquez Environmental 47
Massachusetts Department of Transportation 32
MDS Drafting LLC 37
Morrison Hershfield 24
National Telecommunications and Information Administration 14, 41
Network for Engineering with Nature 24
Nitsch Engineering 34
North Carolina Department of Transportation 38
Novasource 28
Olsson 40
Palmetto Corp 49
Partners Group 20
Platform 20
Red Oak Sanitation 28
Society of American Military Engineers 25
SPF Water Engineering 37
Stantec 24
Star Waste 28
SWEN Capital Partners 20
TerraX 20
The Brookings Institution i 14
Transportation Research Board 38
United for Infrastructure 28
United States Army Corps of Engineers 32
United States Department of Agriculture 32
U.S. Army Corps of Engineers 25
U.S. Department of Agriculture’ 9
U.S. Department of Transportation 11
U.S. Department of Treasury 15
Virginia Department of Transportation 38
Washington Companies 56
WKE 37
WRECO 37
ZETCON 24
For more information on the Environmental Industry, click here to visit the EBJ homepage.
